Alyeska Investment Group L.P. Lowers Stake in Hewlett Packard Enterprise Company $HPE

Key Points

• Alyeska Investment Group L.P. reduced its stake in Hewlett Packard Enterprise by 14.3%, selling 308,795 shares to hold a total of 1,858,094 shares valued at approximately $28.67 million.
• In the first quarter, several large investors adjusted their positions in Hewlett Packard Enterprise; notable changes included Baird Financial Group increasing its stake by 58.8%.
• Hewlett Packard Enterprise announced a quarterly dividend of $0.13 per share, representing a 2.3% dividend yield, with the payout scheduled for October 17th.

Alyeska Investment Group L.P. reduced its stake in shares of Hewlett Packard Enterprise Company (NYSE:HPE - Free Report) by 14.3% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,858,094 shares of the technology company's stock after selling 308,795 shares during the quarter. Alyeska Investment Group L.P. owned approximately 0.14% of Hewlett Packard Enterprise worth $28,670,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the stock. Aptus Capital Advisors LLC purchased a new stake in Hewlett Packard Enterprise in the fourth quarter worth about $286,000. Algert Global LLC purchased a new stake in Hewlett Packard Enterprise in the fourth quarter worth about $240,000. Balyasny Asset Management L.P. lifted its stake in Hewlett Packard Enterprise by 5.6% in the fourth quarter. Balyasny Asset Management L.P. now owns 1,324,021 shares of the technology company's stock worth $28,268,000 after acquiring an additional 70,692 shares during the period. Baird Financial Group Inc. lifted its stake in Hewlett Packard Enterprise by 58.8% in the fourth quarter. Baird Financial Group Inc. now owns 19,604 shares of the technology company's stock worth $419,000 after acquiring an additional 7,260 shares during the period. Finally, Captrust Financial Advisors lifted its stake in Hewlett Packard Enterprise by 23.6% in the fourth quarter. Captrust Financial Advisors now owns 115,824 shares of the technology company's stock worth $2,473,000 after acquiring an additional 22,089 shares during the period. 80.78% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, CEO Antonio F. Neri sold 166,666 shares of the company's stock in a transaction dated Friday, August 22nd. The shares were sold at an average price of $22.52, for a total transaction of $3,753,318.32. Following the transaction, the chief executive officer owned 1,919,060 shares in the company, valued at $43,217,231.20. This represents a 7.99% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, SVP Jeremy Cox sold 68,590 shares of the company's stock in a transaction dated Friday, June 27th. The shares were sold at an average price of $18.44, for a total transaction of $1,264,799.60. The disclosure for this sale can be found here. Insiders have sold a total of 378,590 shares of company stock worth $8,106,833 over the last 90 days. 0.36% of the stock is currently owned by corporate insiders.

Hewlett Packard Enterprise Stock Performance

Shares of Hewlett Packard Enterprise stock opened at $22.85 on Thursday. The company has a market capitalization of $29.98 billion, a PE ratio of 23.08, a P/E/G ratio of 3.28 and a beta of 1.43. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.96 and a current ratio of 1.29. The company has a 50-day simple moving average of $21.06 and a two-hundred day simple moving average of $18.38. Hewlett Packard Enterprise Company has a one year low of $11.97 and a one year high of $24.66.

Hewlett Packard Enterprise (NYSE:HPE - Get Free Report) last announced its earnings results on Tuesday, June 3rd. The technology company reported $0.38 EPS for the quarter, topping analysts' consensus estimates of $0.33 by $0.05. Hewlett Packard Enterprise had a net margin of 4.60% and a return on equity of 9.59%. The business had revenue of $7.63 billion during the quarter, compared to the consensus estimate of $7.51 billion. During the same period in the previous year, the company posted $0.42 earnings per share. The firm's revenue was up 5.9% on a year-over-year basis. Research analysts expect that Hewlett Packard Enterprise Company will post 1.85 EPS for the current fiscal year.

Hewlett Packard Enterprise Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 17th. Stockholders of record on Thursday, September 18th will be issued a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a dividend yield of 2.3%. Hewlett Packard Enterprise's dividend payout ratio (DPR) is currently 52.53%.

Analyst Ratings Changes

A number of analysts recently weighed in on the stock. JPMorgan Chase & Co. assumed coverage on shares of Hewlett Packard Enterprise in a research note on Thursday, July 17th. They issued an "overweight" rating and a $30.00 price objective for the company. Loop Capital upped their price objective on shares of Hewlett Packard Enterprise from $16.00 to $18.00 and gave the stock a "hold" rating in a research note on Monday, June 9th. The Goldman Sachs Group assumed coverage on shares of Hewlett Packard Enterprise in a research note on Thursday, July 24th. They issued a "neutral" rating and a $22.00 price objective for the company. Morgan Stanley raised shares of Hewlett Packard Enterprise from an "equal weight" rating to an "overweight" rating and upped their price objective for the stock from $22.00 to $28.00 in a research note on Thursday, August 21st. Finally, Wells Fargo & Company boosted their target price on shares of Hewlett Packard Enterprise from $20.00 to $22.00 and gave the stock an "equal weight" rating in a report on Thursday, July 3rd. Two investment analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating and nine have issued a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $23.33.

About Hewlett Packard Enterprise

Hewlett Packard Enterprise Company provides solutions that allow customers to capture, analyze, and act upon data seamlessly in the Americas, Europe, the Middle East, Africa, the Asia Pacific, and Japan. It operates in six segments: Compute, HPC & AI, Storage, Intelligent Edge, Financial Services, and Corporate Investments and Other.

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